New PCG Law’s implementing rules confusing, say stakeholders
LOCAL and international shipping lines are batting for clear-cut language in the implementing guidelines of Republic Act (RA) 9333 or the New Coast Guard…
May 24, 2010
2 minute read
High fuel costs drag Nenaco first-quarter net income
DOMESTIC shipping operator Negros Navigation Co’s (Nenaco) net income fell 38% to P47.3 million in the first quarter of the year against last year…
May 19, 2010
1 minute read
ATS issues P5B notes for vessel purchase, capital requirements
ABOITIZ Transport System (ATS) will issue five-year corporate fixed-rate notes worth P2 billion. The proceeds of the issuance will be used to finance vessel…
May 19, 2010
1 minute read
Hanjin bags $500M project for 8 ships
HANJIN Heavy Industries Corp.-Philippines (HHIC-P) has cornered another multimillion-dollar contract to build at least eight vessels in its Subic shipyard. The newest batch of…
May 19, 2010
1 minute read
Keppel Phils revenues down but income up in Q1
SHIPYARD operator Keppel Philippines Marine Inc (KPMI) posted a 16% drop in revenues to P495.7 million for the first quarter of the year compared…
May 17, 2010
2 minute read
Nenaco eyes 4-7% volume hike for 2010
DOMESTIC shipping operator Negros Navigation Co (Nenaco) is taking a conservative approach and pegging volume growth forecasts for the year to between 4% and…
May 12, 2010
1 minute read
Shipping industry has high hopes for new government
THE local transportation industry is upbeat over the entry of a new administration, predicting high investor confidence especially if the final election results prove…
May 12, 2010
2 minute read
2009 cargo throughput up 3.38%
PHILIPPINE cargo throughput grew 3.38% to 150.732 million metric tons (mmt) in 2009 from 145 mmt in 2008, thanks to a substantial improvement in…
May 5, 2010
2 minute read
North Harbor privatization woes continue
WHEN finally it happened, the long-delayed and much-anticipated North Harbor privatization turned out to be a dud — at least for now anyway. The…
April 28, 2010
3 minute read
Negros sailing toward full logistics business
LOCAL shipping line Negros Navigation Co. (Nenaco) is eyeing to become a full logistics service provider in the next three to five years, according…
April 28, 2010
1 minute read
Lorenzo Shipping’s income plunges 63%
LOCAL cargo carrier Lorenzo Shipping Corp’s (LSC) net income plummeted 63% to P24.07 million in 2009 compared with the P65.12 million posted in 2008.…
April 28, 2010
1 minute read
AISL questions call to penalize lines for late e-CCM submission
THE Association of International Shipping Lines (AISL) branded as “reckless” and “utterly lacking in due diligence” freight forwarders’ exclusive reliance on the notice of…
April 26, 2010
3 minute read
Forwarders post higher Q1 volume
PHILIPPINE forwarders experienced positive business conditions in the first quarter, a situation made even more noteworthy considering the first few months of the year…
The ceremonial tee-off was presided over by PISFA president Nelson M. Mendoza of Awards Cargo Agency Phils along with past association presidents Ramon De…
April 7, 2010
1 minute read
PSB to ‘reprimand’ lines adopting surcharges sans public hearing
THE Philippine Shippers’ Bureau (PSB) is keen on reprimanding international carriers that apply additional charges without the proper consultation. PSB said the extra fees…
April 5, 2010
2 minute read
Not yet, TNT says of MTO accreditation
TNT Express Philippines will not seek multimodal transport operator (MTO) accreditation in the Philippines, saying it sees no immediate need for such. In an…
April 5, 2010
2 minute read
Carriers: Additional shipping costs preventable most times
INTERNATIONAL carriers are crying foul over repeated accusations by Philippine shippers, forwarders and the government that they are the ones always at fault for…
March 31, 2010
2 minute read
Zim: RP shipping to grow by up to 8%
ZIM Integrated Shipping Lines (ZIM Lines) expects a 5-8% growth in the Philippine shipping industry anchored on the improving global economy and increased local…
March 29, 2010
1 minute read
Coast Guard revises sailing rules during storm signal no 1
THE Philippine Coast Guard (PCG) is again revising guidelines on the movement of vessels during inclement weather. PCG commandant Admiral Wilfredo Tamayo said the…
March 29, 2010
1 minute read
Criminal case vs Sulpicio officials warranted
THE Department of Justice (DOJ) affirmed the recommendation of its investigating body and allowed the filing of criminal charges against Sulpicio vice president Edward…
